Dish launches $25B bid for Sprint
Dish Network has submitted a merger proposal for Sprint Nextel valued at $25.5 billion, putting itself into competition with Japan's Softbank to take over the wireless carrier.
Dish announced this morning that it is offering Sprint shareholders a total consideration of $25.5 billion, consisting of $17.3 billion in cash and $8.2 billion in stock. Sprint shareholders would receive $7 per share, and the cash and stock combination would represent a 13 percent premium to the value of the existing SoftBank proposal, according to Dish.
"The Dish proposal clearly presents Sprint shareholders with a superior … Read more
